15 Trending AI Stocks on Latest News and Ratings

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11. MongoDB, Inc. (NASDAQ:MDB)

Number of Hedge Fund Holders: 49

MongoDB, Inc. (NASDAQ:MDB) provides a general purpose database platform worldwide. The firm securely amalgamates operational, unstructured, and AI-related data to streamline building AI-enriched applications. On November 26, Piper Sandler raised the price target on the stock to $425 from $335 and kept an Overweight rating on the shares. The advisory notes negative investor sentiment on MongoDB appears to be reversing with shares up 38% in the last 3-months aided by favorable commentary from other data consumption related stocks. While short covering likely explains the 20% surge in the last week alone, Piper highlights that MongoDB remains one of its highest conviction tactical ideas to own into next year ahead of a normalization in growth and improving margin prospects.

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